Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.061%

Price spread now: BloFin against Ondo Perps+0.264%7-day average +0.106% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.264%, 7d avg +0.106%

Together, before fees−0.074%+ Points / potential airdropOndo Perps: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.158% dearer against Ondo Perps than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GLW-USD.P	159.11	0.0050	pay 0.0006% / 1h	56m 29s	$281K	$111K	10x
Short	BloFin GLW-USDT	159.53	0.0172	get 0.0172% / 8h	4h 56m	$152K	$48K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee BloFinbpOrdersPrice spread, now +0.264%Rate

Funding earned: $25.5
Price spread: +0.264% → +0.106%: $15.8
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.31
Costs to cover: 0.170%
Break-even: 0.3 days

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 40 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 40 min ago	2.52 bp	10.4 bp −$10	27.2 bp −$272	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GLW on 17 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GLWUSDT	0.0000%	8h	159.31	+0.128%	$65K	$53K	20x	as long as short
Bybit GLWUSDT	0.0000%	8h	159.23	+0.075%	$906K	$241K	25x	as long as short
Gate GLW_USDT	0.0000%	8h	159.14	+0.019%	$2.2M	$4.4M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	159.13	+0.013%	$2.1M	$1.1M	20x	as long as short
SunX GLW-USDT	0.0000%	8h	159.21	+0.063%	$1K	$1.5M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	159.42	+0.195%	$17K	$27K	20x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	159.15	+0.025%	—	—	10x	as long as short
Ondo Perps GLW-USD.Plong	+0.0050%	1h	159.11	long leg	$281K	$111K	10x
Paragon para:GLW	+0.0060%	1h	159.18	+0.047%	$310K	$41K	10x	as long as short
QFEX GLW-USD	+0.0080%	1h	159.16	+0.031%	$1.1M	$1.8M	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GLWUSDTM	+0.0100%	8h	159.19	+0.050%	$381K	$873K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	159.39	+0.176%	$2K	$3K	10x	as long as short
Binance GLWUSDT	+0.0150%	8h	159.22	+0.071%	$10.5M	$27.1M	20x	as long as short
OKX GLW-USDT-SWAP	+0.0151%	8h	159.25	+0.088%	$2.2M	$5.1M	20x	as long as short
Extended GLW-USD	+0.0152%	1h	159.17	+0.041%	$2K	$1K	10x	as long as short
BloFin GLW-USDTshort	+0.0172%	8h	159.53	+0.264%	$152K	$48K	20x
GRVT GLW_USDT_Perp	+0.0521%	8h	159.34	+0.145%	$94	$245K	10x	as long as short